LVS P/B: current value, 10-year range and year-by-year history
Cash & Leverage
LVS's p/b is higher than 95% of the last 10 years.
P/B History
LVS P/B by year
Yearly range of LVS’s p/b from 2016 to 2026. Over the full period it ranged from 4.4 to 36.9, averaging 10.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 17.7 | 24.2 | 36.9 | 31.3 |
| 2025 | 7.2 | 14.6 | 25.5 | 22.8 |
| 2024 | 7.2 | 9.1 | 12.0 | 12.0 |
| 2023 | 7.6 | 10.4 | 13.0 | 8.5 |
| 2022 | 4.9 | 8.7 | 16.2 | 9.7 |
| 2021 | 9.2 | 12.4 | 15.3 | 12.8 |
| 2020 | 4.4 | 8.1 | 12.9 | 12.9 |
| 2019 | 6.0 | 7.1 | 8.3 | 8.1 |
| 2018 | 4.9 | 6.7 | 8.2 | 6.0 |
| 2017 | 5.5 | 6.8 | 8.3 | 8.0 |
| 2016 | 5.6 | 6.1 | 6.6 | 5.6 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is LVS P/B High or Low Right Now?
Las Vegas Sands Corp.'s P/B is currently 31.3, which is near historic high relative to its 10-year historical range. The 10-year median P/B for LVS is approximately 8.4. See all LVS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.